United Group’s €220 Million Acquisition Of Tele2 Croatia

Kirkland & Ellis represented BC Partners backed United Group on its definitive agreement to acquire Tele2 Croatia from Tele2 Group.

Tele2 AB (“Tele2”) (Nasdaq Stockholm: TEL2 A and TEL2 B) sold its Croatian business to United Group for an enterprise value of EUR 220 million (today approximately SEK 2,340 million). The transaction provided an opportunity for Tele2 to realize value from the successful development of the Croatian business and to further advance its strategy with a focus on the Baltic Sea region.

Perella Weinberg Partners acted as financial advisor to Tele2.

The Kirkland team was led by London transactional partner David D’Souza (Picture) supported by partner David Higgins and associates Jessica Liang and Irfan Ahmed; debt finance partner Neel Sachdev and associates Kanesh Balasubramaniam and John Davitt; capital markets partner Matthew Merkle; technology & IP transactions partner Jenny Wilson and associate John Patten; and tax partners Tim Lowe and Jan Hobbs and associates Dragana Cvejic and Lemara Grant.

Involved fees earner: Irfan Ahmed – Kirkland & Ellis; Kanesh Balasubramaniam – Kirkland & Ellis; Dragana Cvejic – Kirkland & Ellis; John Davitt – Kirkland & Ellis; David D’Souza – Kirkland & Ellis; Lemara Grant – Kirkland & Ellis; David Higgins – Kirkland & Ellis; Jan Hobbs – Kirkland & Ellis; Jessica Liang – Kirkland & Ellis; Timothy Lowe – Kirkland & Ellis; Matthew Merkle – Kirkland & Ellis; John Patten – Kirkland & Ellis; Neel Sachdev – Kirkland & Ellis; Jennifer Wilson – Kirkland & Ellis;

Law Firms: Kirkland & Ellis;

Clients: BC Partners;